The XAU/USD chart on September 26 tells an exciting story of gold's bullish momentum. After hitting $2,661, gold is steadily advancing, shielded by two strong supports—EMA 34 at $2,540 and EMA 89 at $2,448.
These support levels act as fortresses, holding buyers firm and allowing gold to continue climbing.
However, all eyes are now on the key psychological resistance near $2,720, a critical barrier that, if broken, could pave the way for new highs.
Upcoming FOMC statements could significantly impact XAU/USD.
These support levels act as fortresses, holding buyers firm and allowing gold to continue climbing.
However, all eyes are now on the key psychological resistance near $2,720, a critical barrier that, if broken, could pave the way for new highs.
Upcoming FOMC statements could significantly impact XAU/USD.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.